George W Otrin Jr Incentive Award Fund
- Assets
- $365.2k
- Revenue
- $16.2k
- Investments
- $365.2k
- Employees
- 0
- Location
- Essex, CT
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-6786133
Organization Overview
George W Otrin Jr Incentive Award Fund is located in Essex, CT. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George W Otrin Jr Incentive Award Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, George W Otrin Jr Incentive Award Fund generated $16.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $23.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, George W Otrin Jr Incentive Award Fund has awarded 50 individual grants totaling $105,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,667 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,530 |
| Capital Gain Net Income | $4,530 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,197 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,295 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $85 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,839 |
| Contributions, gifts, grants paid | $17,400 |
| Total expenses and disbursements | $23,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $365,224 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $365,224 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, George W Otrin Jr Incentive Award Fund has awarded $17,400 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMANDA BALINSKAS PURPOSE: SCHOLARSHIP | $1,740 |
TSERING CHOEDAR PURPOSE: SCHOLARSHIP | $1,740 |
HANNA BJORKMAN PURPOSE: SCHOLARSHIP | $1,740 |
LILAH FREEBURG PURPOSE: SCHOLARSHIP | $1,740 |
SOPHIA GORMLEY PURPOSE: SCHOLARSHIP | $1,740 |
MATTHEW JOHNSON PURPOSE: SCHOLARSHIP | $1,740 |